Feedback Energy Distribution Company (FEDCO), the electricity distribution arm and wholly-owned subsidiary of Feedback Infrastructure, is looking to bid for predominantly rural electricity distribution franchisees in Madhya Pradesh, Rajasthan and Tripura after successfully turning around four such areas in Odisha.
The Vinayak Chatterjee-led company has also secured four areas in Meghalaya, and sees strong opportunities in the rural distribution space in the next two years after the power ministry hinted at distribution franchisee model as the preferred route in reducing the aggregate technical & commercial (AT&C) losses.
